Cowen Reiterates Outperform Rating on Teladoc (TDOC) Following Raised Revenue Guidance
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Cowen analyst Charles Rhyee reiterated an Outperform rating and $161.00 price target on Teladoc (NYSE: TDOC) after the company raised its 2021 revenue guidance to $2.03B at an industry conference (vs. prior $2.015B-$2.025B, consensus of $2.02B), and reiterated its prelim 2022 guide of $2.6B.
Rhyee notes TDOC "also highlighted its value proposition as a mult-channel, fully integrated strategic partner; momentum in multi-product sales; a strong 2022 selling season; and its intentions to expand into value-based care."
For an analyst ratings summary and ratings history on Teladoc click here. For more ratings news on Teladoc click here.
Shares of Teladoc closed at $82.18 yesterday.
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